Regulatory Alerts2018-08-10 | 12857Central Bank Decision No. 12857 Amending Decision No. 7776 on Credit, Investment, and Participation Operations
The Governor of the Central Bank of Lebanon issued Decision No. 12857 to amend Decision No. 7776 regarding credit and investment operations. The amendment introduces a new Article 1 bis limiting net lending to the private sector in Lebanese Lira to 25% of customer deposits, requiring excess amounts to be deposited in a non-interest-bearing account at the Central Bank. Banks are granted a compliance deadline of December 31, 2019, with provisions for seeking extensions from the Central Council if necessary.
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